As the Swiss ski resort prepares to host its next who’s who of decision-makers on Jan. 22-25, the World Economic Forum’s abiding belief that “improving the state of the world” is compatible with closer integration has taken a beating.
The financial crisis that struck in 2008 raised questions about whether globalization was more of a [...]
The European Union’s top antitrust enforcer on Thursday threatened to formally charge the Russian natural gas giant Gazprom with restricting trade and price gouging, raising the stakes in a two-year investigation that has already created tensions with Russia’s president, Vladimir V. Putin.
“We suspect that Gazprom has been hindering the free flow of gas [...]
In the three decades before the 2008 financial crisis, individual national economies became increasingly global: banks, companies and consumers overseas had a direct impact on the economy here in the United States.
But in recent years, the amount of money flowing across borders has drastically decreased. According to a new report, this represents a drastic [...]
As public evidence mounts that the Chinese military is responsible for stealing massive amounts of U.S. government data and corporate trade secrets, the Obama administration is eyeing fines and other trade actions it may take against Beijing or any other country guilty of cyberespionage.
According to officials familiar with the plans, the White House will [...]
Once the world admitted China to the World Trade Organization in 2001, we welcomed the country into our free-markets. We trusted the global economy would evolve toward free and fair trade. We then set our policies on cruise control, assuming the world would follow the U.S. model.
Instead, China got a hand on the steering [...]
What was that you were saying about globalization being inexorable?
A quick look at a series of under-appreciated recent stories – a Sino-Japanese territorial spat’s real economic consequences and a drop in both global trade and cross-border lending – shows a world becoming less tightly integrated and a lot more economically unpredictable.
The idea that [...]
Once again the U.S. Treasury and President Obama have refused to label China a currency manipulator, this time by delaying their report on exchange rates until after the election. The excuses abound, with the claim the Treasury Department must assess progress via a G-20 meeting, scheduled conveniently in November, to oh gee, [...]
When China applied to join the World Trade Organization in 2001, the argument in favor of its admission went something like this: China has more and higher tariffs than we do. So its admission will result in greater relative liberalization of the Chinese market and will reduce the U.S. trade deficit by providing more opportunities [...]
The administration alleges Beijing provided $1bn (£610m) of subsidies between
2009 and 2011 by increasing tariffs on US exports of car-parts, according to
a complaint filed at the World Trade Organisation (WTO).
Within hours China had hit back, using its own complaint to the WTO to
challenge plans in Washington to increase [...]
China has moved to bolster its legal position in a volatile territorial dispute with Japan, state newspapers said on Monday, warning that Japan could endure another “lost decade” of economic stagnation if Beijing turns to trade retaliation.
The volley of warnings from Chinese officials and newspapers came after a weekend of protests across dozens of [...]